"Stocks Rebound as Investors Shift Focus to Earnings Amid Mideast Tensions"

Homebuilder stocks fell as the NAHB/Wells Fargo Housing Market Index remained flat in April, indicating potential demand growth but hesitance due to uncertainty over interest rates. The higher-than-expected inflation print last week led investors to scale back rate cut expectations, impacting mortgage rates, which rose to 6.88%. Builders pulled back slightly on cutting home prices, and the use of sales incentives also decreased in April.